AIMA and the Dublin Funds Industry Association (DFIA) have launched the new Guide to Sound Practices for Hedge Fund Administrators.


This joint initiative has been created by senior industry practitioners - including administrators, accountants, lawyers, managers and their advisors.


It is not specific to any one jurisdiction and provides all interested parties with a meaningful outline of the administrator's role in regard to hedge funds.


The guide covers:


* Start-up Phase: Liaising with Lawyers, Prospectus Review, Negotiating Agreements, Service Level Agreements


* Interaction with Investors: Investor Services and Reporting, Anti-money Laundering, Equalisation


* NAV Calculation: Trade Capture, Security Pricing, Reconciliations, Expense Calculation, NAV Calculation and Reporting


* Completing the Service: Custody Services, Banking and FX Services, US Tax Services, Financial Statements, Technology


* Support & Review: Relationship Management, Monitoring of the Restrictions placed on the Fund's Activity, Company Secretary, Directors, Management Companies/General Partners.


The Guide is free to all interested parties and is available as a pdf on the AIMA website at:
www.aima.org/uploads/GuidetoSPforHFAdmin.pdf


The Guide is also available on the DFIA website at:
www.dfia.ie/soundpractices.pdf


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